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CHIPOTLE NAMES SCOTT BOATWRIGHT CHIEF EXECUTIVE OFFICER AND MEMBER OF THE BOARD

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Chipotle Mexican Grill has appointed Scott Boatwright as chief executive officer and board member, effective immediately. Boatwright, who previously served as chief operating officer since 2017 and interim CEO since August, has been instrumental in managing over 125,000 employees and 3,600 restaurants. His achievements include improving guest experience, integrating new technology, building strong company culture, and achieving industry-leading retention rates. Prior to Chipotle, he spent 18 years with Arby's Restaurant Group, last serving as senior vice president of operations overseeing 1,700 restaurants.

Chipotle Mexican Grill ha nominato Scott Boatwright come amministratore delegato e membro del consiglio, con effetto immediato. Boatwright, che ha ricoperto in precedenza il ruolo di direttore operativo dal 2017 e di CEO ad interim da agosto, è stato fondamentale nella gestione di oltre 125.000 dipendenti e 3.600 ristoranti. I suoi successi includono il miglioramento dell'esperienza del cliente, l'integrazione di nuove tecnologie, la costruzione di una forte cultura aziendale e il conseguimento di tassi di retention leader del settore. Prima di entrare in Chipotle, ha trascorso 18 anni con il Gruppo Ristoranti Arby's, ricoprendo infine il ruolo di vicepresidente senior delle operazioni, supervisionando 1.700 ristoranti.

Chipotle Mexican Grill ha nombrado a Scott Boatwright como director ejecutivo y miembro de la junta, con efecto inmediato. Boatwright, quien anteriormente se desempeñó como director de operaciones desde 2017 y CEO interino desde agosto, ha sido fundamental en la gestión de más de 125,000 empleados y 3,600 restaurantes. Sus logros incluyen la mejora de la experiencia del cliente, la integración de nuevas tecnologías, la construcción de una sólida cultura empresarial y la consecución de tasas de retención líderes en la industria. Antes de unirse a Chipotle, pasó 18 años en Arby's Restaurant Group, donde ocupó el cargo de vicepresidente senior de operaciones supervisando 1,700 restaurantes.

치폴레 멕시칸 그릴은 스콧 보우트라이트를 최고 경영자이자 이사회 멤버로 즉시 임명했습니다. 보우트라이트는 2017년부터 최고 운영 책임자로 근무했으며 8월부터는 임시 CEO로 활동해 온 인물로, 125,000명 이상의 직원과 3,600개의 레스토랑 관리를 담당해왔습니다. 그의 업적에는 고객 경험 개선, 신기술 통합, 강한 회사 문화 구축, 업종 최고 수준의 유지율 달성이 포함됩니다. 치폴레에 오기 전, 그는 아르비의 레스토랑 그룹에서 18년을 보냈으며, 마지막으로 1,700개 레스토랑을 감독하는 운영 부문 수석 부사장으로 근무했습니다.

Chipotle Mexican Grill a nommé Scott Boatwright au poste de directeur général et membre du conseil d'administration, avec effet immédiat. Boatwright, qui a précédemment exercé les fonctions de directeur des opérations depuis 2017 et de PDG par interim depuis août, a joué un rôle clé dans la gestion de plus de 125 000 employés et 3 600 restaurants. Ses réalisations incluent l'amélioration de l'expérience client, l'intégration de nouvelles technologies, le renforcement de la culture d'entreprise et l'atteinte de taux de fidélisation parmi les meilleurs du secteur. Avant de rejoindre Chipotle, il a passé 18 ans au sein du groupe de restaurants Arby's, où il a été vice-président senior des opérations supervisant 1 700 restaurants.

Chipotle Mexican Grill hat Scott Boatwright mit sofortiger Wirkung zum Chief Executive Officer und Vorstandsmitglied ernannt. Boatwright, der zuvor seit 2017 als Chief Operating Officer und seit August als vorübergehender CEO tätig war, spielte eine entscheidende Rolle bei der Führung von über 125.000 Mitarbeitern und 3.600 Restaurants. Zu seinen Erfolgen gehört die Verbesserung des Gästedienstes, die Integration neuer Technologien, der Aufbau einer starken Unternehmenskultur und das Erreichen branchenführender Mitarbeiterbindungsraten. Vor seiner Zeit bei Chipotle arbeitete er 18 Jahre bei der Arby's Restaurant Group, zuletzt als Senior Vice President of Operations mit Verantwortung für 1.700 Restaurants.

Positive
  • Strong internal succession with experienced leadership - Boatwright's 7-year tenure as COO
  • Track record of operational improvements and technology integration
  • Achieved industry-leading employee retention rates
  • Extensive restaurant industry experience including 18 years at Arby's
Negative
  • None.

Insights

The appointment of Scott Boatwright as permanent CEO represents continuity in Chipotle's leadership, given his extensive operational experience and successful tenure as COO since 2017. His track record includes notable achievements in technology integration, employee retention and throughput improvements - all critical factors for Chipotle's continued growth.

The market typically responds neutrally to internal CEO promotions, especially when the candidate has been serving as interim CEO. Boatwright's deep understanding of Chipotle's operations and culture, combined with his previous experience at Arby's, suggests a steady hand at the helm rather than a dramatic strategic shift. His focus on operational excellence and digital integration aligns well with Chipotle's current growth trajectory and market positioning.

NEWPORT BEACH, Calif., Nov. 11, 2024 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced that after a robust and thorough process, its Board of Directors has appointed Scott Boatwright as chief executive officer and a member of the board, effective immediately. Prior to being named Interim CEO in August, Boatwright served as chief operating officer, reporting directly to the company's CEO since 2017.

Responsible for more than 125,000 employees and over 3,600 restaurants, Boatwright has been a driving force for improving the company's overall guest experience. In addition to contributing to the strategy and growth of the business, he led the integration of new technology into restaurants, built a strong culture aligned to the organization's values, and achieved industry-leading retention rates yielding impressive outcomes and improvements in throughput.

Scott Maw, Chipotle's chairman of the board, added: "We conducted a thorough and rigorous external search process that confirmed Scott is absolutely the best person to lead the next stage of growth at Chipotle. Today's announcement is an affirmation of both Scott's leadership capability and our internal succession planning process. The board overwhelmingly believes Scott will deliver on the key strategies in place and position the company for continued success."

"It is an honor to serve as the CEO of this purpose-driven brand and I look forward to providing greater opportunities for our employees, generating value for our shareholders and Cultivating a Better World for our communities," said Boatwright. "I am passionate about our menu and energized by our people, and believe that I, along with our esteemed bench of tenured leaders, will deliver on our priorities and achieve our long-term growth goals."

Prior to Chipotle, Boatwright spent 18 years with Arby's Restaurant Group in various leadership positions. He last served as senior vice president of operations, where he was responsible for the performance of over 1,700 Arby's restaurants in numerous states.

Boatwright currently serves on the board of directors of Academy Sports and Outdoors, Inc. and is a member of the National Restaurant Association's Fast Casual Industry Council. He holds a Master of Business Administration from the J. Mack Robinson College of Business at Georgia State University.

ABOUT CHIPOTLE
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. There are over 3,600 restaurants as of September 30, 2024, in the United States, Canada, the United Kingdom, France, Germany, and Kuwait and it is the only restaurant company of its size that owns and operates all its restaurants in North America and Europe. Chipotle is ranked on the Fortune 500 and is recognized on Fortune's Most Admired Companies 2024 list and Time Magazine's Most Influential Companies. With over 125,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit WWW.CHIPOTLE.COM

 

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SOURCE Chipotle Mexican Grill

FAQ

Who is the new CEO of Chipotle (CMG)?

Scott Boatwright has been appointed as the new CEO of Chipotle Mexican Grill, effective immediately.

What was Scott Boatwright's previous role at Chipotle (CMG)?

Scott Boatwright served as Chipotle's chief operating officer since 2017 and as interim CEO since August 2024.

How many restaurants and employees does Chipotle (CMG) currently have?

Chipotle currently operates over 3,600 restaurants and employs more than 125,000 people.

What was Scott Boatwright's role before joining Chipotle (CMG)?

Before Chipotle, Boatwright spent 18 years at Arby's Restaurant Group, last serving as senior vice president of operations overseeing 1,700 restaurants.

Chipotle Mexican Grill, Inc.

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